What your CPA is saying aligns with what I understand to be true.However, you are just at the start of your journey. 

Quote from @Zach Engen: The federal savings bank does 5% down on vacation homes, talk to Jason Wray over there.Email? 

I think you'll have to sign an affidavit stating you plan to occupy it. 

Welcome to Bigger Pockets. 

Welcome to Bigger Pockets @Tyler Hopp!

Work directly with on-site Construction Project Manager to insure project construction is per plans and specifications from start to finishProvide supervision of sub-contractors on project siteAssist to ensure construction activities move according to pre-determined scheduleCommunicate effectively with SubcontractorsDaily inspections and presence on project siteIdentify any project design and construction issues and bring to management team.Oversee and report progress of project against project plan scheduleCoordination with Construction Project Manager, all necessary work flow schedules and monitoring of same to insure all deadlines are metInform Management Team of work progress and of all significant matters relating to the projectDevelop strategies to promote efficient and cost-effective work practicesAbility to step into and perform duties on an existing under construction multi-family project.Recommendations will be required.Thank you,Anat

I can’t believe you found a renter with a lawnmower and the desire to mow.

What made you interested in investing in this type of deal?

Gave me a lot to think about, thanks!

Welcome to BP.